Over the last couple of week’s I’ve been trying out Lemon, a free accounting app for those who have purses overflowing with paper.
Lemon allows you to ‘scan’ or manually enter your receipts so you can file them away until tax-time and still know that your accounts add up when the bills come in. For freelancers this is a massive boon!
After scanning the app asks you to categorise your purchases into ‘Credit Card‘, ‘Cash‘ or ‘Cheque‘ etc. and if you choose to scan or photograph it then it takes the data from the image and turns it into information allowing it to be categorised further.
The file can then be downloaded as either a CSV or Expensify file.
Although Lemon is a free app there are further paid options to make it useful for the whole family or that offer more detailed accounts. I’ve not tried these out myself, but would love to know if anyone has.
So far I’m finding it a fun and easy way of keeping track of my spending though I’ve still got to hang onto the receipts after. The trickiest bit for me is remembering not to chuck them in the bin.
- makeuseof.com Go Paperless By Scanning Your Important Documents
- appvita.com Lemon – Organized Receipts for Easier Recordkeeping
- Accountingweb.co.uk App review: Lemon – Receipts Refreshed
- technologynovice.com How To Keep Track of Expenses
5 accounting tips for beginners
- Keep hold of all receipts and bills
- Create an email folder for all online bills
- Fill in a spreadsheet of income and expenditure as you go along instead of panicking last minute
- Hire an accountant if things seem complex
- Know your tax deadline
There are obviously other accounting apps out there that I’ll be looking into. If you know a good one let me know below in the comments.